|About the Book|
We are, to use a technical economic term, screwed. The cowboy capitalists had a party with everyones money and now were all paying for it. What went wrong? And will we learn our lesson - or just carry on as before, like celebrating surviving aMoreWe are, to use a technical economic term, screwed. The cowboy capitalists had a party with everyones money and now were all paying for it. What went wrong? And will we learn our lesson - or just carry on as before, like celebrating surviving a heart attack with a packet of Rothmans? If you want to know, but are the sort of person who finds it hard to tell the difference between a CDO a CDS an MBS and a toasted cheese sandwich, John Lanchester has mastered the finer points of finance so you dont have to. In Whoops! he explains, in language everyone can understand, what really happened - and what on earth we do next. About the Author John Lanchester is a journalist, novelist and winner of the Whitbread First Novel Award. He is a regular contributor to the London Review of Books and the New Yorker, with a monthly column in Esquire. Johns piece on our love affair with the City, Cityphilia, generated much response on its publication in January 2008 and indeed predicted a worldwide crash based on the misuse of financial derivatives. In October 2008 he charted the crisis as it had developed over the year in Cityphobia, which also attracted much attention as a piece that explained not only what had happened, but how we felt about it. John was raised in South-East Asia and now lives in London.